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LT Foods fiscal Q1 profit climbs 34.0% YOY

LT Foods Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 78 Indian paise per share, a gain of 32.5% from 59 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 208.3 million rupees, an increase of 34.0% from 155.4 million rupees in the prior-year period.

The normalized profit margin climbed to 3.2% from 2.8% in the year-earlier period.

Total revenue grew 16.6% on an annual basis to 6.57 billion rupees from 5.64 billion rupees, and total operating expenses climbed 18.3% on an annual basis to 5.82 billion rupees from 4.92 billion rupees.

Reported net income increased 19.1% year over year to 208.9 million rupees, or 78 paise per share, from 175.5 million rupees, or 67 paise per share.

As of Aug. 8, US$1 was equivalent to 61.15 Indian rupees.